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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Comment by ztransforms173on May 07, 2024 12:53pm
100 Views
Post# 36027070

RE:Bismuth – An environmentally friendly Critical Mineral

RE:Bismuth – An environmentally friendly Critical Mineral key phrase:

The NICO Project Feasibility Study is planned to be updated at to reflect recent optimisations and average annual production of 1,800 metric tonnes of cobalt (~8,780 tonnes of cobalt sulphate), 47,000 Troy ounces of gold, 1,700 tonnes of bismuth in ingots, and 300 tonnes of copper in a cement precipitate.
 
***

- hopefully, the Government of Canada will COME THROUGH and provide ALL or MOST of the GRANT FUNDING to FINANCE the EXPENSIVE PFS UPDATE that I 'believe' will COST in the MILLIONS of DOLLARS once the SGS TEST RESULTS are FORWARDED to FT 

z173


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